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General FAQ
Frequently asked questions about Sparkbot.
Getting Started
How do I start using Sparkbot?
Simply send /start in your Sparkbot chat. The bot will automatically create your first wallet and display the main menu. The setup takes about 5-10 seconds.
Do I need to download anything?
No! Sparkbot works entirely within Telegram. You only need:
- Telegram app (mobile or desktop)
- Internet connection
- Bitcoin to fund your wallet
Is Sparkbot free to use?
Sparkbot charges zero service fees for:
- Deposits
- Withdrawals
- Wallet creation
You only pay:
- 1% integrator fee on trades
- Pool swap fees (typically 0.3-1%)
What's the minimum amount to start?
Minimum deposit: 0.00001 BTC (~$1.00 at $100,000/BTC)
Wallets and Security
How secure is my wallet?
Your wallet seed phrase is encrypted and secured with access tied exclusively to your Telegram account, protected by:
- Telegram's built-in security
- Your 2FA (highly recommended)
- Device authentication
Can I import my existing wallet?
No. Sparkbot creates new wallets automatically. Each wallet is managed by the bot and accessed through your Telegram account.
What happens if I lose my Telegram account?
If you lose access to your Telegram account, you lose access to your Sparkbot wallets. This is why it's critical to:
- Enable Telegram 2FA
- Add recovery email
- Keep your phone number accessible
How many wallets can I create?
There's no hard limit, but we recommend 2-5 wallets for most users:
- More than 10 becomes difficult to manage
- Each wallet can be renamed for organization
- Multiple wallets useful for different strategies
Deposits and Withdrawals
How long do deposits take?
Timing:
- Bitcoin broadcast: Instant
- First confirmation: ~10 minutes
- 3 confirmations (required): ~30 minutes
- Available after claiming: Instant
Total time: Usually 30-60 minutes
Why do I need to "claim" deposits?
Claiming moves your confirmed deposits from pending state to available balance. This is a one-click process after 3 confirmations complete.
Can I reuse my deposit address?
Yes! Your deposit address never changes. You can:
- Save it for future deposits
- Use it multiple times
- Share it safely (for receiving funds)
Are there withdrawal limits?
Limits:
- Minimum: 0.00001 BTC (after fees)
- Maximum: Your available balance
- No daily limits
Features and Functionality
What is a limit order?
A limit order is an automated instruction to buy or sell when a token reaches your specified price. Once set, the bot monitors 24/7 and executes when conditions are met.
How do I find tokens to trade?
Methods to discover tokens:
- Paste token address directly in chat
- Get addresses from project websites
- Trading platforms like Luminex.io
- Community recommendations (verify authenticity!)
Can I trade any token?
You can trade any token that has a BTC liquidity pool on Spark. Tokens without BTC pools cannot be traded.
What's the difference between quick buy and limit order?
Quick Buy:
- Executes immediately
- At current market price
- Uses preset or custom amounts
Limit Order:
- Executes when price reaches target
- Can be below (buy) or above (sell) current price
- Automated 24/7
Settings and Configuration
What should my default settings be?
Recommended for beginners:
- Buy Amount: 0.001-0.005 BTC
- Sell Percent: 50%
- Slippage: 5%
Adjust based on your:
- Experience level
- Risk tolerance
- Capital size
What is slippage?
Slippage is the maximum price change you'll accept during trade execution. Example with 5% slippage:
- Token price when you click: $1.00
- Maximum you'll pay: $1.05
- Trade fails if price exceeds $1.05
Higher slippage = more likely to execute, but at potentially worse price.
How do I change my settings?
Navigate to: Main Menu → ⚙️ Settings
Then select:
- Buy Amount - Choose preset or custom
- Sell Percent - Choose percentage
- Slippage - Choose tolerance level
Changes take effect immediately.
Positions and Portfolio
How do I view my holdings?
Main Menu → 📊 Positions
Shows:
- All tokens across all wallets
- Current balance for each
- Value in BTC and USD
- Total portfolio value
Why is my position value different from what I paid?
Token prices change constantly based on market activity. Your position value reflects:
- Current market price
- Your token balance
- Real-time calculation
This creates profit (if value increased) or loss (if decreased).
Can I see my profit/loss?
Sparkbot doesn't automatically track entry prices. To calculate P&L:
- Find your purchase transaction in history
- Note amount spent (BTC)
- Compare to current position value
- Difference = profit or loss
Recommended: Keep a trading journal.
Technical Issues
The bot isn't responding
Try in this order:
- Wait 30 seconds (might be temporary)
- Send
/startto restart - Close and reopen Telegram app
- Check your internet connection
- Try again in a few minutes
My balance shows as "Loading..." or "Unavailable"
This usually means:
- Temporary network issue
- Recent transaction still processing
- Cache needs refresh
Solutions:
- Go to main menu and back
- Send
/start - Wait 1-2 minutes and check again
A trade is taking longer than expected
Normal trade execution: 5-15 seconds
If longer:
- Check your internet connection
- Network might be congested
- Wait up to 1 minute before retrying
If it fails, you'll see an error message with the reason.
Support and Help
Can someone from support ask for my password?
NO! Legitimate support will NEVER ask for:
- Your Telegram password
- Your 2FA code
- Seed phrases
- Private keys
- To install anything
This is always a scam.
Privacy and Data
Can I delete my account?
Currently, you can:
- Withdraw all funds
- Stop using the bot
- Block/delete the chat
Your Telegram account remains your access point if you want to return.
Is my trading history private?
Yes. Your trading history is:
- Only visible to you
- Not shared publicly
- Not accessible to others
However, Spark transactions are public (as with all cryptocurrency).
Related Topics
- Getting Started - Setup guide
- Trading FAQ - Trading-specific questions